topic Re: May be overextended with Synchrony bank in Credit Cards

May be overextended with Synchrony bank

Howaboutthat — Fri, 24 Jun 2022 03:28:59 GMT

I have with Synchrony

Lowes - $14.000

Venmo - $10,000

Care Credi - $8800

Amazon Store Card - $5000

Papal Credit - $3400

Did a soft pull pre approval for Sam's Club and it only came back with $1200(I was just checking wasn't going to go for it)

My Fico 8's are Eq 772, TU 753, EX 761 as of today.

Fico 9's are EQ 751, TU 744, EX 763 as of today

I was wondering why the low SL, though all in all not to big of a deal.

Re: May be overextended with Synchrony bank

SUPERSQUID — Fri, 24 Jun 2022 05:18:47 GMT

Re: May be overextended with Synchrony bank

bigseegar — Fri, 24 Jun 2022 11:20:15 GMT

@Howaboutthat wrote:
I have with Synchrony
Lowes - $14.000
Venmo - $10,000
Care Credi - $8800
Amazon Store Card - $5000
Papal Credit - $3400

Did a soft pull pre approval for Sam's Club and it only came back with $1200(I was just checking wasn't going to go for it)
My Fico 8's are Eq 772, TU 753, EX 761 as of today.
Fico 9's are EQ 751, TU 744, EX 763 as of today

I was wondering why the low SL, though all in all not to big of a deal.

If that little bit has you over extended with them then I'm toast because my Lowes and Amazon cards alone have more exposure than all 5 of your cards.

I personally don't think that's it. I've seen lots of folks with very good DP's get very low SL with the Sam's Club card. I think that's all it is.

Re: May be overextended with Synchrony bank

tcbofade — Fri, 24 Jun 2022 11:27:55 GMT

Amazon. $10k.

Conoco. $2.5k.

Phillips66. $2.3k.

Lowes. $25k.

JCPenny. $6k

Individual = $45.8k

AU Lowes. $25k.

AU Conoco. $4k.

AU Paypal. $10k.

Total $84.8k.

...had a few more, got a haircut early last year. Lost CareCredit, Midas, Ebay, and Marvel cards.

I'm not terribly worried, but am not asking Synchrony for any new cards or CLIs right now.

Re: May be overextended with Synchrony bank

Jnbmom — Fri, 24 Jun 2022 11:35:38 GMT

Amazon 10K

paypal MC 20K

ppcredit 10K

care credit MC 20K

synch MC 10K

lowes 8K

Samc club 8K

yes I am waiting for the choppage to come 😳

Re: May be overextended with Synchrony bank

AverageJoesCredit — Fri, 24 Jun 2022 12:02:39 GMT

@Howaboutthat wrote:
I have with Synchrony
Lowes - $14.000
Venmo - $10,000
Care Credi - $8800
Amazon Store Card - $5000
Papal Credit - $3400

Did a soft pull pre approval for Sam's Club and it only came back with $1200(I was just checking wasn't going to go for it)
My Fico 8's are Eq 772, TU 753, EX 761 as of today.
Fico 9's are EQ 751, TU 744, EX 763 as of today

I was wondering why the low SL, though all in all not to big of a deal.

That's not a low sl that's normal sl for Sync. Your sl isn't determined by your exposure though eventually it can affect your total exposure. You can't compare that limit to your others because everyone knows a Lowes limit can be inflated basically from approval where someone could have a 1k limit and within a week be 10k or in weeks/months, 25 or 35k. Most important is you were approved . Just tread carefully seeking too many cli as that usually draws attention to your account.